Cross Country Healthcare (CCRN) Upgraded by BidaskClub to Buy

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BidaskClub upgraded shares of Cross Country Healthcare (NASDAQ:CCRN) from a hold rating to a buy rating in a report issued on Friday.

Several other brokerages have also commented on CCRN. Stephens began coverage on Cross Country Healthcare in a research note on Tuesday, October 2nd. They issued an equal weight rating on the stock. Barrington Research set a $11.00 target price on Cross Country Healthcare and gave the stock a buy rating in a research note on Thursday, November 15th. Zacks Investment Research raised Cross Country Healthcare from a sell rating to a hold rating in a research note on Thursday, September 27th. Lake Street Capital raised Cross Country Healthcare from a hold rating to a buy rating and increased their target price for the stock from $10.00 to $12.00 in a research note on Friday, November 2nd. Finally, ValuEngine raised Cross Country Healthcare from a strong sell rating to a sell rating in a research note on Thursday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Cross Country Healthcare has an average rating of Hold and a consensus price target of $12.29.

NASDAQ:CCRN traded up $0.25 during trading hours on Friday, reaching $8.77. The company had a trading volume of 193,992 shares, compared to its average volume of 258,624. Cross Country Healthcare has a 1-year low of $6.91 and a 1-year high of $14.31. The company has a market capitalization of $303.78 million, a PE ratio of 14.38, a PEG ratio of 2.41 and a beta of 0.78. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.35.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings data on Thursday, November 1st. The business services provider reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). Cross Country Healthcare had a net margin of 3.67% and a return on equity of 4.43%. The business had revenue of $200.72 million during the quarter, compared to analysts’ expectations of $200.66 million. During the same quarter last year, the firm earned $0.23 earnings per share. The firm’s quarterly revenue was down 12.2% compared to the same quarter last year. Equities research analysts predict that Cross Country Healthcare will post 0.15 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Cross Country Healthcare during the 2nd quarter worth approximately $177,000. BlackRock Inc. lifted its position in Cross Country Healthcare by 7.0% during the 2nd quarter. BlackRock Inc. now owns 4,963,305 shares of the business services provider’s stock worth $55,837,000 after acquiring an additional 325,121 shares during the period. Dimensional Fund Advisors LP lifted its position in Cross Country Healthcare by 12.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,960,349 shares of the business services provider’s stock worth $22,054,000 after acquiring an additional 216,714 shares during the period. Laurion Capital Management LP acquired a new stake in Cross Country Healthcare during the 2nd quarter worth approximately $219,000. Finally, Alambic Investment Management L.P. acquired a new stake in Cross Country Healthcare during the 2nd quarter worth approximately $122,000. Institutional investors and hedge funds own 91.25% of the company’s stock.

About Cross Country Healthcare

Cross Country Healthcare, Inc provides healthcare staffing, recruiting, and workforce solutions in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing; short-term staffing of registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and travel allied professionals on long-term contract assignments.

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Analyst Recommendations for Cross Country Healthcare (NASDAQ:CCRN)

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